The stock market is up; my own company stock is up over 100% from when I first started working there almost 3 years ago.
So, does this mean that there is more fraud to be uncovered? In good times, ethics are often ignored. It's in bad times that we play Monday morning quarterback. In a recent article in Yahoo! Finance, the writer, cites Wall Street investments analyst's opinions that this is totally different from 10 years ago. The analyst uses price/earnings ratio from then and now as an indicator that valuations are indeed legitimate this time.
I'm more inclined to believe other stats like the Bureau of Labor Statistics jobs report. I know that if more Americans are working, the economy is truly back on good economic footing.
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